O3 Mining investor knocks Agnico offer
Agnico, the second-largest gold miner by stock market value, agreed to acquire O3 last month for about C$204 million.
Old gold-mining shafts are being reopened around the world, as economic uncertainty and scepticism about other assets has sent the gold price soaring: the yellow metal hit a record high of over $1,400 an ounce in December, double its 2007 level (though it has since fallen a little). Abandoned veins in mineral-rich countries have become viable again—and despite the relatively steep extraction costs, a miniature gold rush might be under way in Britain, too. Read the report in The Economist:
